Back to www.cobrasmarketview.com

06/09/2017 Live Update

fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/09/2017 Live Update

Post by fehro »

fehro wrote:
fehro wrote:As per yesterday .. AAPL key time at 20d SMA 154ish on major uptrend.. it goes.. bombs away QQQ nLOD QQQs RED

bombs dropped… may under cut June lows 152.22 near support
Attachments
Screen Shot 2017-06-09 at 9.49.47 AM.png
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/09/2017 Live Update

Post by Al_Dente »

Mr. Big, MSFT, daily
Big red stick (biggest red stick since the election??)
Check the volume EOD
69msft.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/09/2017 Live Update

Post by Al_Dente »

See what I mean?
However the smalls and banks remain up there; even the VIX-futures traders (XIV) are not tooooo bearish... for now...
1min, overlay not percent
69one overlay.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/09/2017 Live Update

Post by fehro »

Houston.. we have a problem :roll: :lol: *corrected image
Attachments
Screen Shot 2017-06-09 at 10.12.02 AM.png
Last edited by fehro on Fri Jun 09, 2017 1:21 pm, edited 1 time in total.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/09/2017 Live Update

Post by Cobra »

possible 100% mm to test yesterday's low. this was unexpected.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 06/09/2017 Live Update

Post by te_fern »

The levered Semi's fell 15 points top to bottom...Wow!
Attachments
SOXL 1 Minute.PNG
This is not investment or trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/09/2017 Live Update

Post by Al_Dente »

so WTF is keeping the dow up
intraday
69dow.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/09/2017 Live Update

Post by Al_Dente »

te_fern wrote:The levered Semi's fell 15 points top to bottom...Wow!
hi boss, glad u r back :D
is there a 3x bear semis ETF?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 06/09/2017 Live Update

Post by te_fern »

Al_Dente wrote:
te_fern wrote:The levered Semi's fell 15 points top to bottom...Wow!
hi boss, glad u r back :D
is there a 3x bear semis ETF?
Glad to be back. Went to England for a wedding, so still adjusting for the time zones!! LOL!

Yes, SOXS.
This is not investment or trade advice.
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 06/09/2017 Live Update

Post by te_fern »

Good move today!
Attachments
SOXS 1 Minute.PNG
This is not investment or trade advice.
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 06/09/2017 Live Update

Post by te_fern »

Today proved that stop losses are required for day trading. Lost 1 point on SOXL, expecting a bounce. SOXL is now down almost 9 points where I exited the trade!
This is not investment or trade advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/09/2017 Live Update

Post by Trades with cats »

te_fern wrote:Today proved that stop losses are required for day trading. Lost 1 point on SOXL, expecting a bounce. SOXL is now down almost 9 points where I exited the trade!
Yes, that is why I have a volatility based long and short stop on all my charts. The best loss is always the first and smallest loss.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/09/2017 Live Update

Post by Cobra »

testing yesterday's low as expected. if consolidation here instead of sharp rebound (as usual) then breakdown is more likely. let's see.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/09/2017 Live Update

Post by Al_Dente »

UPDATE ON “Lately QQQ has been leading intraday”
Now even the VIX-futures traders (XIV, dashed purple) are bear-spy-ing
You’d think with everybody scared to death they’d pile into gold and gdx……. not so much…. instead they’re piling into GS and banks…… go fig…..
69overlay3.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/09/2017 Live Update

Post by Al_Dente »

Trades with cats wrote:
te_fern wrote:Today proved that stop losses are required for day trading. Lost 1 point on SOXL, expecting a bounce. SOXL is now down almost 9 points where I exited the trade!
Yes, that is why I have a volatility based long and short stop on all my charts. The best loss is always the first and smallest loss.
boss, can u show/explain your ""volatility based long and short stop""
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 06/09/2017 Live Update

Post by cletus »

Cobra wrote:possible 100% mm to test yesterday's low. this was unexpected.
No, it really wasn't. You were calling for more price acceleration with the VIX < 10. Do you realize how bad of a call that is, statistically and historically?
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 06/09/2017 Live Update

Post by Daniel »

DJT, XLI, QQQ, EEM lod
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/09/2017 Live Update

Post by Trades with cats »

TF 06-17 (750 Tick)  6_9_2017C.jpg
I use the stop as my initial risk or R for calculating maximum position size. I am very aware that experienced traders like the people on this board will use price action support and resistance. But when the futures start moving I don't have the time to think and consider so this works as a fast and dirty. :lol:
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/09/2017 Live Update

Post by Cobra »

valid breakdown. this bear may have legs.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/09/2017 Live Update

Post by Trades with cats »

Here we go scrambling for collateral. Hope there is no AIG in the woodwork this time
from Twitter/Zerohedge
ISDA Rules Banco Populare Credit Event Took Place: BBG
Post Reply